Russell Investments Group Ltd. Sells 75,710 Shares of Canadian Pacific Kansas City Limited $CP

Key Points

• Russell Investments reduced its stake in Canadian Pacific Kansas City by 8.7% in Q3, selling 75,710 shares and now holds 793,307 shares valued at about $59.09 million (roughly 0.09% of the company).
• CP reported quarterly EPS of $0.95 versus a $0.99 consensus (a miss) with revenue of $2.85 billion in line with estimates, and announced a quarterly dividend of $0.228 ($0.91 annual, ~1.1% yield) with an ex-dividend date of March 27 and payment on April 27.
• Analysts maintain a generally positive view—ten Buys and four Holds—with a MarketBeat average rating of "Moderate Buy" and an average price target of $92, although several firms recently trimmed targets (e.g., RBC, Evercore, Citigroup).

Russell Investments Group Ltd. reduced its stake in shares of Canadian Pacific Kansas City Limited (NYSE:CP - Free Report) TSE: CP by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 793,307 shares of the transportation company's stock after selling 75,710 shares during the quarter. Russell Investments Group Ltd. owned 0.09% of Canadian Pacific Kansas City worth $59,090,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd boosted its stake in shares of Canadian Pacific Kansas City by 19.4% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 31,312 shares of the transportation company's stock valued at $2,332,000 after purchasing an additional 5,093 shares in the last quarter. Guardian Partners Inc. increased its position in shares of Canadian Pacific Kansas City by 3.6% during the 3rd quarter. Guardian Partners Inc. now owns 20,338 shares of the transportation company's stock worth $1,525,000 after purchasing an additional 704 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Canadian Pacific Kansas City by 5.7% during the 3rd quarter. Natixis Advisors LLC now owns 641,814 shares of the transportation company's stock worth $47,809,000 after purchasing an additional 34,501 shares in the last quarter. Korea Investment CORP lifted its holdings in Canadian Pacific Kansas City by 6.8% during the 3rd quarter. Korea Investment CORP now owns 650,877 shares of the transportation company's stock valued at $48,486,000 after purchasing an additional 41,233 shares during the last quarter. Finally, Ameriflex Group Inc. lifted its holdings in Canadian Pacific Kansas City by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 2,250 shares of the transportation company's stock valued at $168,000 after purchasing an additional 1,125 shares during the last quarter. 72.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CP. Barclays set a $93.00 price objective on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Scotiabank reissued an "outperform" rating on shares of Canadian Pacific Kansas City in a report on Wednesday, January 21st. Royal Bank Of Canada reissued an "outperform" rating and issued a $124.00 target price (down from $127.00) on shares of Canadian Pacific Kansas City in a report on Thursday, January 29th. Evercore dropped their price target on Canadian Pacific Kansas City from $87.00 to $85.00 and set an "outperform" rating for the company in a report on Thursday, January 29th. Finally, Citigroup cut their price objective on Canadian Pacific Kansas City from $88.00 to $86.00 and set a "buy" rating for the company in a research report on Friday, January 30th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $92.00.

Canadian Pacific Kansas City Trading Up 0.0%

Shares of NYSE CP opened at $83.91 on Wednesday. Canadian Pacific Kansas City Limited has a 1-year low of $66.49 and a 1-year high of $89.42. The company has a 50-day moving average of $78.54 and a two-hundred day moving average of $75.67. The company has a market cap of $75.35 billion, a PE ratio of 25.98, a P/E/G ratio of 1.80 and a beta of 1.06. The company has a current ratio of 0.49, a quick ratio of 0.41 and a debt-to-equity ratio of 0.43.

Canadian Pacific Kansas City (NYSE:CP - Get Free Report) TSE: CP last released its quarterly earnings results on Wednesday, January 28th. The transportation company reported $0.95 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.04). The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.85 billion. Canadian Pacific Kansas City had a net margin of 27.49% and a return on equity of 8.91%. Canadian Pacific Kansas City's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $1.29 earnings per share. As a group, equities analysts expect that Canadian Pacific Kansas City Limited will post 3.42 earnings per share for the current fiscal year.

Canadian Pacific Kansas City Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Friday, March 27th will be given a $0.228 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Friday, March 27th. Canadian Pacific Kansas City's dividend payout ratio (DPR) is presently 20.43%.

Canadian Pacific Kansas City Company Profile

Canadian Pacific Kansas City (CPKC) is a North American Class I freight railroad formed through the combination of Canadian Pacific Railway and Kansas City Southern. The merged company operates an integrated rail network that spans Canada, the United States and Mexico, providing a single-line rail connection across all three countries. This transborder footprint is intended to streamline cross-border freight flows and provide shippers with direct rail access from Canadian and U.S. production centers to Mexican markets and ports.

CPKC's core business is freight transportation and related logistics services.

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